Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2012

 

There are currently 336 active listings (a decrease of 23 homes from November).

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164 Residential sales are pending and awaiting close or lender approval (A decrease of 27 homes from November).

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62 Homes Sold in December (Up 18 homes from November)

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The Stuart Florida Market Report ZIP Code 34997 finished 2012 with a strong 62 homes closed.  Pending sales were off which is not unexpected as traffic during the holiday season is typically lighter than normal.  Somewhat troubling though, is the inventory of available homes decreased by 23 homes and is very low.  I’m hoping to see this number rise as we get into the new year.  Should it stay low, we’ll see reduced activity for next year because of a lack of inventory.

 

The current one month absorption rate is at 5.4 months which indicates a slight sellers advantage for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.

 

The 2011 numbers were: 522 active listings, 176 pending listings and 78 closed sales.  The most striking number from last year is the difference in inventory of available homes for sale.

 

 

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2012

 

For December, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 151 active listings (Down 6 homes from November).

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23 Residential sales are pending and awaiting close or lender approval (No change from November).

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11 Homes Sold in December (Same as November).

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Stuart Florida Market Report ZIP Code 34997 – Residential, November 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2012

 

There are currently 359 active listings (a decrease of 1 homes from October).

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191 Residential sales are pending and awaiting close or lender approval (An increase of 2 homes from October).

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44 Homes Sold in November (Down 7 homes from October)

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The 34997 zip code area of Stuart Florida continue to show strong numbers. The inventory basically remained unchanged while pending sales (an indication of future closed  sales) remained strong, rising by 2 homes.  Closed sales were were off by seven homes, but these results are still strong during our off season.

 

The current one month absorption rate is at 8.1 months, very close to a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.

 

The 2011 numbers were: 527 active listings, 198 pending listings and 42 closed sales.  Considering the amount of inventory being significantly lower this year, it’s very impressive how ell this segment of the Stuart real estate market continues to perform.

 

 

Stuart Florida Market Report ZIP Code 34996 – Residential, November 2012

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2012

 

 

For November, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 157 active listings (Unchanged from October).

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23 Residential sales are pending and awaiting close or lender approval (Down 10 from October).

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11 Homes Sold in November (Down 1 from October).

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Stuart Florida Market Report ZIP Code 34997 – Residential, October 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2012

 

There are currently 360 active listings (a decrease of 5 homes from September).

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189 Residential sales are pending and awaiting close or lender approval (An increase of 11 homes from September).

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51 Homes Sold in September (Up 1 home from September)

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The 34997 zip code area of Stuart Florida continue to show strong numbers.  Inventory declined slightly while pending sales (an indication of future closed  sales) remained strong.  Closed sales were steady.

 

The current one month absorption rate is at 7 months, very close to a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.

 

The 2011 numbers were: 519 active listings, 194 pending listings and 47 closed sales.  Considering the amount of inventory being significantly lower this year, it’s fairly impressive that the market has performed this well.

 

 

Stuart Florida Market Report ZIP Code 34996 – Residential, October 2012

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2012

 

 

For October, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 157 active listings (Increased 4 homes from September).

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33 Residential sales are pending and awaiting close or lender approval (Down 1 from September).

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12 Homes Sold in October (Up 5 from September).

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Stuart Florida Market Report ZIP Code 34997 – Residential, September 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2012

There are currently 365 active listings (an increase of 33 homes from August).

178 Residential sales are pending and awaiting close or lender approval (A decrease of 17 homes from August).

50 Homes Sold in August (Down 32 homes from August)

After a really good August for the 34997 zip code area of Stuart Florida, numbers were off for September.  A significant jump in inventory, possibly signalling more homes coming on the market for the season as some recent good market news may have some sellers that have delayed their sales decision coming back on the market.  Unfortunately, both pending and closed sales were off.  Possibly this is more a reflection of the off season as opposed to a waning demand.

The current one month absorption rate is just over 7 months, which indicates that we’ve slipped into a buyers market (compared to last month’s 4 month absorption rate)..   Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.

The 2011 numbers were: 503 active listings, 181 pending listings and 60 closed sales.

Stuart Florida Market Report ZIP Code 34996 – Residential, September 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2012

For September 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 154 active listings (Decreased 12 homes from August).

34 Residential sales are pending and awaiting close or lender approval (Unchanged from August).

7 Homes Sold in September (Up 1 from August).

The 34996 zip code area of Stuart Florida showed a slight increase in sales for September.  Pending sales were unchanged from last month while inventory remained decreased again.  Good results when considering that this is our off season.  The one month absorption rate for the 34996 zip code area of Stuart Florida for September is 22 months, which still has plenty of room for improvement.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.